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Patrick OShaughnessy @patrick_oshag
, 11 tweets, 5 min read Read on Twitter
1/ Spent some time going through the list of past podcasts to see what single key idea sprung to mind. Here are a small handful:
2/ Health is negative compounding. Little loses compound into big problems. Do the small things right.

Ep.27 w/ @PeterAttiaMD — How to Live a Longer, Higher Quality Life

investorfieldguide.com/attia/
3/ People always want to replicate the strategies and tactics of successful people, but what matters is mindset

Ep.38 – w/ @WindhorseCIO – the Art of Asset Allocation

investorfieldguide.com/salem/
4/ To make money, you need to be right, and non-consensus.

Ep.42 – w/ @arachleff – Building Something People Want to Buy

investorfieldguide.com/andy/
5/ Listen carefully, deeply, and without distraction. #1 distraction is thinking of what YOU are going to say next.

Ep.15 w/ Eric Maddox — The Ace of Spades

investorfieldguide.com/maddox/
6/ Everyone wants to do new & interesting things, but no one wants to be first. “When everyone goes one way, I go another.”

Ep.63 – w/ @DhaniJones – Adventures in Sports, Business, and Investing

investorfieldguide.com/jones/
7/ Be a chef, not a cook. Create recipes instead of following other ones. Only way to do so is figure out how things SHOULD be, but aren't.

Ep.59 – w/ @waitbutwhy – Grand Theft Life

investorfieldguide.com/urban/
8/ The future of opportunity is local and niche. Big tech platforms will dominate large market opportunities and buy upstarts.

Ep.55 – w/ @davetisch – Venture Capital in New York

investorfieldguide.com/tisch/
9/ Constantly and systematically tackle “just manageable challenges.”

Ep.49 –w/ @BStulberg – Just Manageable Challenges

investorfieldguide.com/brad/
10/ Capital allocation should serve a company's competitive advantage (moat). If capital cannot be reinvested to expand advantage, return it to shareholders.

Ep.51 – Pat Dorsey – Buying Companies With Economic Moats

investorfieldguide.com/dorsey/
11 (last for now)/ DON'T DO IT FOR THE JET

Ep.31 – w/ @khemaridh – Quant Hedge Funds and the Fear of Death

investorfieldguide.com/khe/
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More from @patrick_oshag see all

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1/ Thoughts and questions on debt...

We screen to avoid companies with worrisome leverage and over-reliance on capital markets, so @Jesse_Livermore and I have been discussing the current state of corporate debt. We see lots of worrisome looking charts like this:
@Jesse_Livermore 2/ But these measures leave out a key source of income for U.S. corporations: income from foreign operations, which has grown dramatically over the past twenty years. When we compare debt to measures of sales and income that include foreign sources, we get:
@Jesse_Livermore 3/ We can confirm this observation (which we built from the bottom up using company level data) by comparing the aggregate debt of U.S. non-financial corporations to their aggregate net worth (equity), a measure that more accurately reflects their total paying power:
Read 8 tweets
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Fav books of ‘18

- Factfulness by @HansRosling
- 7 Powers by @hamiltonhelmer
- Luxury Strategy by Kapferer
- Ficciones by Borges
- Who Is Michael Ovitz by @MichaelOvitz
- The Stranger in the Woods by @MikeFinkel
- Tomorrow 3.0 by @mungowitz
- Pitch Anything by @pitchanything
- Capitalism Without Capital by Haskel and Westlake
- Creative Selection by Kocienda
- Wild Company by the Zieglers
- How to Change Your Mind by @michaelpollan
One more:

- upside of stress by @kellymcgonigal
Read 3 tweets
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1/ Value strategies—which buy into stocks with low expectations—can be like IBM or like Apple.

When expectations are exceeded, as has been the case with Apple, you earn great returns. When expectations weren’t low enough, you get IBM

For both, future fundamentals drive results.
2/ With a crystal ball, a value investor could drastically improve their results. Among value stocks, returns diverge when sorted on good and bad future fundamentals (EPS growth).

Bad expectations + good results > bad expectations + bad results
3/ As blindingly obvious as this is, its helpful to see just how much of an impact future fundamentals have on value stocks.

Here we parse value stocks into groups based on their *forward* EPS growth. The spreads at the bottom are massive.
Read 16 tweets

Related threads

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Big loss for WordPress.
“I have resigned as the WordPress accessibility team lead. Here is why.” by @RianRietveld
rianrietveld.com/2018/10/09/i-h…
“There was no REACT developer with accessibility experience in the community […]”
Which means every a11y fix is a bug fix, an afterthought.
“[…] tested, improved and then approved by Andrea, changed in a later stage, breaking the a11y improvements […]”
I do not envy @afercia.
Read 89 tweets
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yoonjin time travel au

On his 55th birthday, Kim Seokjin, also known in his neighborhood as “insufferable old Kim”, makes a wish to feel genuine happiness. The next day he wakes up 22 years old again and on the day he first meets his ex-boyfriend, Min Yoongi.

#YJweek18 #day1
to anyone who might read, qt only & don't reply so thread doesn't break cuz this is a looong au and my first uwu
there is some swearing just a heads up and this is angst w a happy ending so im sorry in advance
also this is lowkey inspired by Miss Granny (ph ver). haven’t watched the film but there’s a song on the OST that just FITS and i cry

here's the song:
Read 721 tweets
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iPhone: 41.3M units
iPad: 11.6M units
Mac: 3.7M units
Apple 4Q18 revenue guidance: $60B to $62B

Decent range vs. expectations
Apple's "Other Products" revenue: $3.74B.
My expectation: $3.77B.

Results imply strong Apple Watch and AirPods sales.
Read 34 tweets
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Going through the list of the DOT's Small Community Air Service Development (SCASD) winners for 2018. Begin thread :)
Farmington, NM, #FMN won a grant to support new service to either DEN, LAX, PHX or SLC opb SkyWest Airlines.

The market was historically connected to both #DEN and #PHX into the 2000s. AWA service in 2002: airlinemaps.tumblr.com/post/142685242…
La Crosse, WI, #LSE received a grant to add service to an "eastern hub" with backing by SkyWest. Primary target is restoring Delta service to #DTW.
Read 8 tweets
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Since Singapore is all the rage...let's look back to August 2, 2016...🤔
August 2, 2016, the Obama administration hosted the P.M. of Singapore for a State Dinner.

There is no greater cover for the highest levels of a corrupt cabal to covort than a state dinner.
Keep in mind this was three days after "cross-fire hurricane" was put in place and Strzok was on his way to London.
Read 13 tweets
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Things that surprised/amazed me about Japan, an ongoing thread.

(More likely UI than food, but you know this already.)

It’s my first time here. Please comment away and/or point out my cultural insensitivities!
1. A very friendly immigration officer and I laughed together, and when I said “I don’t really know where I’ll be staying,” he actually applauded it.
2. Very nice and clean train from the airport, with power sockets, and vending machines onboard.

Tons of solar panels passed by on the way.
Read 427 tweets

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